SCorpDesk / 2026 S-Corp & QBI Guides / 2026 S-Corp Tax Calculator: Form 1120-S FICA Savings, Reasonable Salary & 20% Permanent QBI
2026 S-Corp Tax Calculator: Form 1120-S FICA Savings, Reasonable Salary & 20% Permanent QBI
How does the 2026 S-Corp Tax Calculator compute your payroll tax savings and 20% Permanent QBI deduction?
An S-Corporation splits your net business income into two streams: a Form W-2 Officer Reasonable Salary (subject to 15.3% FICA tax up to the $184,500 Social Security cap) and a Schedule K-1 distribution (exempt from the 15.3% Self-Employment / FICA tax and eligible for the permanent 20% Permanent Section 199A QBI deduction under Public Law 119-21).
An S-Corporation splits your net business income into two streams: a Form W-2 Officer Reasonable Salary (subject to 15.3% FICA tax up to the $184,500 Social Security cap) and a Schedule K-1 distribution (exempt from the 15.3% Self-Employment / FICA tax and eligible for the permanent 20% Permanent Section 199A QBI deduction under Public Law 119-21).
Frequently Asked Questions
How does the 2026 S-Corp Tax Calculator compute your payroll tax savings and 20% Permanent QBI deduction?
An S-Corporation splits your net business income into two streams: a Form W-2 Officer Reasonable Salary (subject to 15.3% FICA tax up to the $184,500 Social Security cap) and a Schedule K-1 distribution (exempt from the 15.3% Self-Employment / FICA tax and eligible for the permanent 20% Permanent Section 199A QBI deduction under Public Law 119-21).